U.S. railroad operator Union Pacific reported a 9% rise in third-quarter profit on Thursday, as higher shipments and price hikes offset declines in coal freight volumes. The company's net income rose to $1.

Southwest Airlines' third-quarter revenue rose to a record high but profit fell nearly two-thirds, to $67 million, on higher costs for labor and other expenses. The airline, which is under pressure from hedge fund Elliott Investment Management to boost profit,

Southwest Airlines reported a surprise third-quarter profit on Thursday, benefiting from improved pricing and demand, as well as rebookings from passengers stranded due to the global cyber outage in July.